KongZhong Corp. (KONG) is a small player in the giant world of online gaming. We maintained a positive view on the company's prospects in our July report, but believed KONG was fairly valued at the time. Since then, the company has announced several promising updates to its pipeline that we believe will enhance earnings moving forward. Additionally, mobile is playing an increasingly larger role, as KongZhong looks to reach an international audience with new smartphone games. We have upgraded our view on KongZhong to Buy as a result and raise our price target for the next 12 months to $14.
Two markets are key to the success of KONG, namely the online and mobile gaming markets, as both...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|